Mullen Group Ltd. (TSE:MTL) Receives C$18.97 Average Price Target from Analysts

Shares of Mullen Group Ltd. (TSE:MTL) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$18.97.

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Mullen Group from C$17.00 to C$20.00 in a report on Friday, October 25th. Raymond James decreased their price target on shares of Mullen Group from C$18.75 to C$18.50 in a report on Tuesday, December 10th. National Bankshares boosted their price objective on shares of Mullen Group from C$18.00 to C$19.00 in a research report on Monday, December 9th. CIBC raised their target price on shares of Mullen Group from C$16.50 to C$17.50 in a report on Friday, October 25th. Finally, Cormark lowered their target price on Mullen Group from C$20.75 to C$19.75 in a report on Tuesday, December 10th.

Mullen Group Price Performance

Shares of MTL opened at C$15.00 on Friday. Mullen Group has a 52 week low of C$12.47 and a 52 week high of C$16.06. The company has a current ratio of 0.75, a quick ratio of 1.06 and a debt-to-equity ratio of 93.56. The firm has a market cap of C$1.32 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.81 and a beta of 1.82. The stock has a 50 day moving average of C$15.15 and a 200-day moving average of C$14.45.

Mullen Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 5.60%. Mullen Group’s payout ratio is currently 62.69%.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.